AI in Procurement, 2026: Everyone’s Buying It. Almost Nobody’s Ready For It.
Here’s 2026 in four numbers: 90 percent of procurement leaders are adopting, or planning to adopt, AI agents. 94 percent of procurement executives now use generative AI weekly. The global AI-in-procurement market has grown to roughly $4.25 billion this year, up from $3.32 billion in 2025. And yet only 36 percent of procurement teams have […]
10 Proven Procurement Cost Reduction Strategies to Improve Spend Efficiency
Introduction Procurement used to be simple: negotiate hard, sign the contract, and move on. That approach doesn’t work anymore. Inflation keeps costs unpredictable, supply chains carry more risk than they used to, and finance teams expect procurement to show measurable, defensible savings — not just a lower price on paper. At the same time, the […]